Gabon: Okala-1 Well Result

Ophir Energy plc

Gabon: Okala-1 Well Result

London, 26 June 2014: Ophir Energy plc ("Ophir" or "the Company") announces that drilling operations have now concluded on the Okala-1 well in the Mbeli Block offshore Gabon. Ophir has a 50%* net operated interest.

The well was drilled by the Vantage Titanium Explorer drillship to a depth of 4,229m MD targeting Cretaceous sands in the pre-salt section. The well encountered a thick section of Aptian salt as prognosed and well developed sandstones in the Gamba and Dentale formations. However, there were no significant hydrocarbon shows in the target reservoirs. Ophir's share of the Okala-1 well costs was partially covered by carries from the Company's joint venture partners.

The Vantage Titanium Explorer will now move to Equatorial Guinea to begin a campaign of three exploration and appraisal wells on Block R.

Nick Cooper, CEO, commented:

"Okala marks the end of Ophir's 2014 exploration campaign in Gabon. Initial analysis indicates that the well failed due to either source and/or charge issues at this location. The information gleaned from the 2014 programme will now be used to refine our understanding of the sub-salt basin architecture and source distribution and to direct future exploration activity on the blocks. The Titanium Explorer drillship will now move to Equatorial Guinea for a three well programme designed to enlarge and derisk the resource base in Block R. At least a further 5 well results are expected from drilling in Equatorial Guinea and Tanzania by October"

*OMV farm-in for a 10% net interest is subject to Government approval

Ends

For Further Enquiries please contact:

Ophir Energy plc +44 (0)20 7811 2400

Nick Cooper, CEO

Richard Rose, Corporate Communications and Strategy

Brunswick Group +44 (0)20 7404 5959

Patrick Handley

Elizabeth Adams

Notes to Editors

Ophir Energy (OPHR.LN) is an African focused, upstream oil and gas exploration company which is listed on the London Stock Exchange (FTSE 250). Ophir has an extensive deepwater acreage position in West and East Africa acquired since its foundation in 2004.

The Group's headquarters are located in London (England), with an operational office in Perth (Australia), and regional offices in Dar es Salaam and Mtwara (Tanzania), Malabo (Equatorial Guinea), Libreville (Gabon), Nairobi (Kenya) and Accra (Ghana).

For further information on Ophir, please refer to www.ophir-energy.com